NextEra Energy Mulling Takeover Of Duke Energy: WSJ Reports

Live updates: First 2020 presidential debate sees Trump, Biden spar, moderated by Chris Wallace

Fox News Democracy 2020: Presidential Debate

President Trump and Democratic nominee Joe Biden are set to face off for the first time today in a highly anticipated debate at Case Western University in Cleveland, Ohio.

Fox News Sunday anchor Chris Wallace will moderate the first debate on Tuesday.

Follow below for the latest updates. Mobile users click here:

That “Will You Shut Up, Man?” Moment Hits Me Right in My Lady Parts

Remember when the field of candidates vying for the Oval Office was the most female in history? Now we’re trapped inside a frat house basement and the keg’s tapped. Sigh.

The moment from 2020’s first presidential debate that of course instantly trended on Twitter, that will undoubtedly end up on a t-shirt and all over headlines in the morning, that will be replayed on cable news, late-night shows, and SNL until our eyes bleed—the one where, understandably exasperated with President Donald Trump’s constant talking-over and interrupting, democratic presidential nominee Joe Biden said, “Will you shut up, man?”—was the most singularly male thing in this, the most singularly male election. Sigh, again.

Resort 2021 Swimwear Trend: Après Swim

Luxury swim and resortwear have garnered attention worldwide over the years, with Colombian designers emerging at the forefront of the evergreen trend. Here, a spotlight on five Colombian brands that are blending sophisticated beachwear, resort ready-to-wear and ultra-chic swimwear to create versatile looks with day-to-night appeal for resort 2021.

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General Atlantic Invests $498 Million in Reliance Retail

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General Atlantic will invest 36.8 billion rupees ($498 million) in billionaire Mukesh Ambani’s retail venture as Asia’s richest man continues to garner funds after securing more than $20 billion for his digital services unit earlier this year.

The private equity firm will hold a 0.84% stake in Reliance Retail Ventures Ltd., according to an exchange filing Wednesday, giving the business a pre-money equity value of 4.29 trillion rupees.

The deal follows U.S. private equity groupKKR & Co.’s $754 million investment andSilver Lake Partner’s $1 billion investment this month in the retail unit controlled by Ambani’sReliance Industries Ltd. Ambani has been amplifying his focus on consumer businesses to tap the growth in both offline and online retail in a market of billion-plus consumers.

Disney Plans To Lay Off 28,000 Theme Park Employees In U.S.

Walt Disney Co. plans to lay off 28,000 theme park employees in U.S., as the coronavirus pandemic continues to affect its businesses.

The layoff is due to reduced capacity allowed in its parks reflecting social distancing requirements as well as California’s “unwillingness to lift restrictions that would allow Disneyland to reopen.”

The company said that the layoff will affect about 67 percent of part-time employees. However, the layoff reportedly will also comprise of executives and salaried employees.

Josh DÁmaro, chairman of Disney Parks, said in a statement that the company has made the very difficult decision to begin the process of reducing its workforce at its Parks, Experiences and Products segment at all levels, having kept non-working cast members on furlough since April while paying healthcare benefits.

“…We are talking with impacted employees as well as to the unions on next steps for union-represented Cast Members,” said Josh Dámaro.

Disneyland in California has remain closed since mid-March. Disney World in Florida, which also closed in March, reopened in mid-July with increased health and safety measures as well as reduced visitor capacity.

Biden calls Trump the 'worst president America has ever had' in Tuesday's chaotic debate

  • Democratic presidential nominee Joe Biden called President Donald Trump, the Republican nominee, the "worst president that America has ever had."
  • Trump and Biden clashed multiple times during a Presidential debate on Tuesday. 
  • Visit Business Insider's homepage for more stories.

Democratic presidential nominee Joe Biden called President Donald Trump, the Republican nominee, the "worst president that America has ever had," during a debate on Tuesday.

The debate between Trump and Biden was a chaotic and tense hour and a half affair. Biden got fed within the first 20 minutes of the debate after being repeatedly cut off by Trump.

"Would you shut up, man?" Biden told Trump.

The two nominees went back and forth and clashed on a number of topics, including Republican efforts to fill Justice Ruth Bader Ginsburg's Supreme Court seat before the election. 

Biden argued that it is undemocratic to vote in Trump's conservative nominee, Judge Amy Coney Barrett, during the election period. 

NextEra Energy Mulling Takeover Of Duke Energy: WSJ Reports

NextEra Energy, Inc. (NEE) recently made a takeover approach to Duke Energy Corp., the Wall Street Journal reported citing people familiar with the matter.

Duke rebuffed the approach, but NextEra is still interested in pursuing a deal. However, there is no guarantee NextEra will do so and if it does, that a deal would result.

As per the report, an acquisition of Duke, if successful, could be the largest utility deal ever.

NextEra, the largest public utility company in the U.S., has a market value of about $139 billion and Duke has a market value of around $61 billion.